Israel Wins Second-Largest Number Of Cybersecurity Deals Globally
This article was first published by The Times of Israel and is re-posted with permission.
Israel accounted for the second-largest number of cybersecurity deals globally, behind the US and ahead of the UK, a new report compiled by New York data firm CB Insights shows.
The report shows that Israel accounted for seven percent of the cybersecurity global deal share in the years 2013-2017, still way behind the US, which accounted for 69 percent of the global deal share, but higher than the UK, which accounted for 6 percent of the pie. Canada accounted for 3 percent and China for 2 percent of the global deal share, the report showed.
The report selects 29 cybersecurity startups — which it calls cyber defenders — who are early- to mid-stage “high-momentum companies pioneering technology with the potential to transform cybersecurity,” the report said.
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Out of these, six are Israeli firms, ranking the so-called Startup Nation with the second-highest concentration of cyber defenders, after the United States.
The Israeli firms that made the list are: BioCatch, a startup that analyzes behavioral and physiological parameters to help with fraud prevention and detection; Aqua Security, which enables enterprises to secure their virtual container environments and bridges the gap between DevOps and IT security; IRONSCALES, a maker of anti-phishing technologies; and D-ID, which has developed a technology to help enterprises protect users’ faces from unauthorized, automated face recognition technologies.
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Israel’s Minerva Labs which makes cybersecurity products designed to defeat advanced malware, and Cylus, which helps railway companies detect cyber attacks in their operational network, including their signaling systems and trains — and block attackers before they can cause any damage, are also among the six.
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